PYMNTS

FEBRUARY 28, 2019

It was led by “Energize Ventures and Lux Capital, each of whom invests heavily in companies, fundamentally advancing how society implements and utilizes advances in technology,” Zededa said in a statement. IoT Security Concerns. Security Upgrades? 25) that it had raised $16 million in a Series A funding round. percent by 2024.

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Bank Innovation

OCTOBER 25, 2019

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, October 25, 2019.

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Accenture: Banking

AUGUST 20, 2019

For the third straight quarter, Chase, Capital One and Synchrony led all issuers in purchase volume growth (over 10 percent YoY). Amazon and SYF expanded partnership with new secured “credit builder” PLCC; Chase and Southwest expand business portfolio with new SMB card; Synchrony renewed its sales finance partnership with Suzuki.

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PYMNTS

FEBRUARY 26, 2020

Credit unions (CUs) are performing well as the new decade dawns, with a recent study finding that CUs increased their loan originations by 29 percent from Q4 2018 to Q4 2019. percent in 2019, compared to 10.5 percent in 2016. Another perennial challenge the industry faces is the ever-looming threat of data breaches.

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Nevada Security Innovation Data 192

PYMNTS

AUGUST 7, 2020

Talk of a venture capital plummet continues to grow, particularly in Europe, where new data from Consultancy Europe revealed that the number of venture capital deals for startups across the continent has declined every quarter since Q1 2019. based small business lending platform iwoca, which secured $131.45

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PYMNTS

NOVEMBER 20, 2020

Chromo Capital co-led the deal. Also participating were Perry Capital, founded by Richard C. Perry, and new fund Bramalea Partners, launched by Andrew Boyd, former head of global equity capital markets at Fidelity Investments.

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PYMNTS

DECEMBER 31, 2019

Welcome, then, to the Top Data Breaches of 2019. In data coming into the end of the year, Risk Based Security said hackers had accessed 7.9 Data compromised included email addresses, Social Security numbers and bank information. The readings are pretty grim. At a high level, the numbers are staggering. Thousands of breaches.

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Data social media Security Report 145

PYMNTS

MAY 11, 2020

Mumbai-based Tata Capital , a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage their accounts. Tata Capital is deeply invested in providing easy access of credit to merchants and dealers through its Channel Finance and Term Loan products.

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Capital Mobile User Experience Groups 141

PYMNTS

JULY 9, 2020

Banks have been facing a concerning rise in account takeover (ATO) attacks targeting their customers, with financial institutions (FIs) losses due to such schemes rising 72 percent from 2018 to 2019. percent of all fraud reported in 2019. Around The FI Fraud Decisioning World. Get the scoop in the Playbook. About The Playbook.

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Bank Innovation

DECEMBER 6, 2019

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, December 6, 2019.

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Perficient

JUNE 30, 2022

Billion in 2019). In 2022, FTX broke ground on its new headquarters in Nassau, the country’s capital. In April 2022, Nassau, the capital of the Bahamas, hosted the invitation-only Crypto Bahamas Conference. Traditionally reliant on tourism, the Bahama economy suffered significantly during Covid. Crypto Conference.

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PYMNTS

DECEMBER 28, 2018

“Considering how busy a small business owner is and how limited their schedule [is] to visit a bank branch, this severely undercuts the ability [of] banks to capitalize on the lucrative business banking segment,” Avoka stated in its report. In 2019, it is about ensuring the FI has the right?

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Fintech Customer Experience Tools Technology 177

PYMNTS

DECEMBER 29, 2019

As online banking continues rapidly evolving , ahead of another anticipated round of funding next year, digital challenger bank Monzo remains in discussions to secure as much as £100m in upcoming weeks. The financial startup plans to raise between £50m and £100m in early 2020, amplifying an earlier June 2019 deal that netted Monzo £113m.

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Capital United States Digital Banking Online 143

Abrigo

JANUARY 24, 2025

Issuance of commercial mortgage-backed securities (CMBS) rebounded sharply in 2024, with volume jumping 155% year-over-year to more than $100 billion. Among that group, CRE origination volumes by mid-2024 had fallen to levels 58% below pre-COVID averages in 2019. Senior housing and aging office buildings add to the pressure.

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Lending Trends Risk Management Management 221

PYMNTS

NOVEMBER 26, 2019

TAB Bank is acquiring BAMFi’s BAM Capital Division in a $46 million deal, TAB announced on Tuesday (Nov. This is the digital bank’s fourth acquisition of a working capital loan portfolio. BAMFi , a software provider for the secured lending space, will still own its proprietary solution FactorCloud.

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Bank Innovation

FEBRUARY 19, 2019

Community Capital Technologies, Denizen Financial, Diro Inc., Fintel Labs, iGTB, JUDI.AI, KapitalWise, OpenDoor Securities, and Operant.AI The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. The startups are:[link] Avocado Payments, Budgit Inc., Exagens Corp.,

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PYMNTS

JANUARY 6, 2020

In venture capital, funding can start as a trickle and then wind up as a flood. InnoVen also reported that early-stage startups saw a 22 percent jump in 2019 in the deals they attracted. The data shows that Sequoia Capital was active in the most funding rounds, with participation in 50 investments or co-investments.

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Fintech Capital Strategy Report 132

PYMNTS

DECEMBER 24, 2019

But in business, money is oxygen, and when the flow of money, from venture capital and private equity firms, or investment from companies willing to commit research and development dollars to a sector starts to dwindle, then several projects do not make it beyond concept to the land of reality. billion.

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PYMNTS

DECEMBER 18, 2020

Cybercriminals have been homing in on eCommerce retailers that are seeking to capitalize on the rise of online shopping this season, as they believe that “they will be more likely to get through unabated,” the company said. Digital fraud is a longstanding issue for retailers and banks. The pandemic has only made these issues worse.

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Report Fraud Strategy Retail 333

PYMNTS

DECEMBER 17, 2020

a South Korean digital bank, has chosen Credit Suisse and KB Investment & Securities as its advisors for its upcoming initial public offering (IPO), Reuters reported. Kakao Bank is one of only two digital banks in the country and became profitable in 2019, according to Reuters, after less than two years of operation. billion).

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Samsung Digital Banking Security Fintech 243

PYMNTS

JANUARY 7, 2021

7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S.

Capital 150

Capital Los Angeles Boston Lending 150

PYMNTS

DECEMBER 17, 2020

Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Fraudsters are also capitalizing on the holiday shopping season as merchants experience higher online shopping rates than ever before due to social distancing orders.

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Fraud Online Retail Examples 255

PYMNTS

NOVEMBER 30, 2020

percent compared to the same time in 2019, WSJ writes. They included provisions doing away with a regulatory system for how farmers sell their crops, expansions to the social security program, raised numbers of companies that can fire employees, higher requirements for unions and fewer rules about women working night shifts.

Capital 247

Capital Groups System Security 247

PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places.

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Payments Tools Security Regulation 240

PYMNTS

AUGUST 13, 2020

By comparison, the first 3-D Secure (3DS) technology provides consumers with a user experience marked by lengthy times for processing and verification. A 2019 LexisNexis study found that overall retail fraud attempts increased by two times year over year and three times since 2017. Merchants pay $3.13 the prior year, by its measures.

Technology 248

Technology User Experience Fraud Comparison 248

PYMNTS

DECEMBER 20, 2019

That famous literary opener could apply to the mobile order-ahead (MOA) space in 2019. Tons of capital was raised and spent on new systems and processes. Comprehensive digital fraud prevention solutions are the answer that QSRs are now seeking in earnest, as they secure this fantastic new moneymaking opportunity. MOA is a Goer.

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Mobile Fraud New York City Metro 131

Bank Innovation

FEBRUARY 5, 2019

Time is running out to apply for Bank Innovation’s DEMOvation Challenge, in which fintech startups demo before a crowd of conference attendees in hopes of earning their vote and walking away with prizes. The application deadline is Friday, February 8. Apply here.

Conference 170

Conference Fintech social media Operations 170

PYMNTS

SEPTEMBER 2, 2020

The Montreal-based payment technology company was valued at $2 billion at the close of 2019. If approved by the Canadian Securities Administrators (CSA), the country’s equivalent of the U.S. Securities and Exchange Commission, the stock would be listed on the Toronto Stock Exchange under the “NVEI” ticker.

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Payments Fintech Security Technology 229

PYMNTS

APRIL 24, 2020

With social distancing and an economic downturn the new reality for many markets around the world, venture capital is expected to slow significantly. Reports in American Banker said CB Insights data has revealed a 45 percent decline in year-over-year FinTech funding in the year’s first quarter, and a 25 percent drop from Q4 2019.

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Fintech Capital Security Digital Banking 193

PYMNTS

FEBRUARY 27, 2020

Silicon Valley-based delivery unicorn DoorDash has filed paperwork for an initial public offering (IPO) with the Securities and Exchange Commission (SEC), the company announced on Thursday (Feb. DoorDash’s draft submission follows the company’s valuation of $13 billion at the end of 2019. Rowe Price Group.

New York City 197

New York City New York Capital Analytics 197

PYMNTS

OCTOBER 21, 2020

Swedish peer-to-peer (P2P) lending startup Lendify has secured $115 million in funding from Insight Investment, according to a Bloomberg report on Wednesday (Oct. In the past, the startup was supported by P2P lending and institutional capital. In 2019, Lendify’s parent company Insikt rebranded under its new name, Aura.

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Lending Customer Experience US Capital 258

Bank Innovation

JULY 5, 2019

The growth of capital in play in the private market is changing how private companies, particularly tech startups, find liquidity in the race to go public. Exits of firms like Uber, Lyft and Slack have made 2019 something of a banner year for initial public offerings. It's notable Slack chose the direct listing route, in […].

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Meeting Capital Marketing Company 186

PYMNTS

FEBRUARY 25, 2020

Chang’s reported that off-premises dining accounted for 17 percent of its sales during Q3 2019, up from 14 percent the year prior and two to three times dine-in’s growth, with delivery representing 35 percent of these sales. The Secret Sauce Of Security. Chang’s believes these two needs are compatible. “At Chang’s full menu.

Security 140

Security Mobile Chicago Trends 140

PYMNTS

MARCH 26, 2019

In 2015, news outlets ran articles about the “ gold mine ” of venture capital investments in the alternative finance sector. Yet at a time when analysts say VCs are focusing more on late-stage investment , alternative lenders are having a tougher time securing funding, particularly market newcomers in a crowded market.

Lending 190

Lending Capital Fintech Security 190

PYMNTS

JULY 10, 2020

In a filing with the Securities and Exchange Commission (SEC), the startup reported it plans to raise as much as $253.5 percent of total revenues) in 2019 and $38 million (65.4 The company recorded net losses in fiscal 2018, 2019 and 2020 of $18.6 The company recorded net losses in fiscal 2018, 2019 and 2020 of $18.6

North Carolina 197

North Carolina Software Compliance Security 197

PYMNTS

JUNE 29, 2020

“With its tremendous, ongoing success in its core markets, we believe that this merger and its accompanying capital infusion will enable Shift to expand its product offerings and execute on its growth strategies.”. Arison said the move was about adding capital to scale the company. Merging with Insurance Acquisition Corp.

San Francisco 245

San Francisco Metro Online Capital 245

PYMNTS

OCTOBER 22, 2020

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. billion kronor (approximately $171 million) infusion in 2019.

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Security Groups Payments Regulation 134